Telstra Group Limited (TLS.AX)

DCF Valuation · Communication Services · Telecom Services

Valuation as at 2026-08-04 · refreshed with the ASX 300 Most Undervalued screen

About Telstra Group Limited

Telstra Group Limited provides telecommunications and information services in Australia and internationally. The company operates through six segments: Telstra Consumer; Telstra Business; Telstra Enterprise Australia; Telstra International; Networks, IT and Products; and Telstra InfraCo. It offers telecommunication and technology products and services to consumer and small and medium business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, distribution network, digital channels, distribution systems, and Telstra Plus customer loyalty program.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Telstra Group Limited TLS.AX

Communication Services · Telecom Services

Price
$5.08
Market Cap
$56.59B
Free Cash Flow
$3.90B
Beta
0.50
P/E (TTM)
25.4x
52-Week Range
$4.71–$5.58

TLS.AX's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn’t required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data refreshed 2026-08-04

Share price · last 2 years

$5.08 +29% vs first period
ASX 200 $3.93$3.95$4.84$4.86$5.32$5.08 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted)

$0.19 +31% vs first period
$0.14$0.17$0.14$0.19FY22FY23FY24FY25

Free cash flow

$3.45B -17% vs first period
$4.16B$2.93B$1.99B$3.45BFY22FY23FY24FY25

Dividend per share

$0.20 +19% vs first period
$0.17$0.18$0.19$0.20FY22FY23FY24FY25

Intrinsic value estimate · 5-year forecast

BEAR
$5.33
vs current $5.08
+5.0% ⚠️ Fairly Valued
BASE
$8.10
vs current $5.08
+59.4% ✅ Undervalued
BULL
$12.77
vs current $5.08
+151.4% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.50
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
5.00%
Estimated (no debt/interest data)
Tax rate
25.00%
Estimated default
Capital structure
E 75% / D 25%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth2.9%5.8%8.6%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)7.79%6.79%5.79%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.50 × 6.00% = 7.80% · WACC = weighted by 75%/25% capital structure

These numbers come from running Telstra Group Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or TLS.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with TLS.AX →

More ASX 300 Most Undervalued stocks

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Refreshed on the same cycle as the ASX 300 Most Undervalued screen. Change any assumption yourself in the full interactive tool.

Frequently asked questions

Is TLS.AX undervalued?

The Base-case DCF estimates intrinsic value at $8.10 vs a current price of $5.08 — a +59.4% margin, so the Base case reads undervalued. This is a mechanical output, not advice.